Condo-hotel licensed for transient occupancy or nightly rental (airbnb). No rental restrictions! The building has a total of 42 units (4 1bed/1bath and 38 studios). In addition, 4 ground level retail spaces facing busy washington avenue and generating $216k yearly net. This offer is for 33 of the 42 units and all the commercial spaces. The remaining 9 units can be negotiated for 100% acquisition of the building. Each unit is an individual folio #, fully furnished and equipped. Hoa fee includes utilities, insurances, 24/7 front desk service. Building renovated in 2000 including new plumbing, elevator, hallways, electrical, and a/c systems to common areas. Please review all mls attachments. Ideal opportunity for hotel operators, developers or to enhance a short-term rental portfolio.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.
| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Miami Beach South Pointe Elementary School | 1050 4TH ST | public | 490 | PK - 5 | 0.49 mi |
| Miami Beach Feinberg/fisher K-8 | 1420 WASHINGTON AVE | public | 842 | PK - 8 | 0.55 mi |
| Fisher Island Day School | 2 FISHER ISLAND DR | private | 126 | PK - 8 | 1.24 mi |
| Rasg Hebrew Academy | 2400 PINE TREE DR | private | 592 | PK - 12 | 1.7 mi |
| St Patrick School | 3700 GARDEN AVE | private | 297 | PK - 8 | 2.33 mi |
| Tree Of Knowledge Learning Academy | 2220 NE 203RD TER | private | 125 | 4 - 12 | 2.35 mi |
| North Beach Elementary School | 4100 PRAIRIE AVE | public | 937 | PK - 5 | 2.51 mi |
| Temple Beth Sholom Innovative School | 4144 CHASE AVE # 6 | private | 47 | PK - 4 | 2.54 mi |
| Miami Children's Museum Charter School | 980 MACARTHUR CSWY | public | 309 | KG - 5 | 2.7 mi |
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